Dallas Area Residential Sales Report for October - Allen, TX
Sales in the Allen Area were off by 11% in October as compared to last October. Pending sales declined by 8% The average sales price increases by 16% while the median sales price rose 18%. Prices really didn't rise that much. We just had an abnormal distribution that was tilted to the higher price ranges. New listings fell 19%. Active listings were 25% higher than last year at this time. The months of inventory is at 3.1 months. We are about half way to a balanced market.
Sales: 107
Average Sales Price: $387,957
Median Sales Price: $345,900
Pending Sales: 119
New Listings: 113
Active Listings: 322
Months of Inventory: 3.1
Information provided by the Real Estate Center
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